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ACA 2.0? Hillary Clinton Rolls Out $350 Billion College Affordability "Fix"
Towards the end of last month, Hillary Clinton laid out her proposal for freeing corporate America from the "tyranny of the next earnings report."
In short, Clinton addressed one of the narratives we’ve been building on for quite some time; namely that corporate management teams are too focused on short-term goals such as maximizing (and manipulating) quarterly EPS figures and inflating the value of their stocks (and by extension their equity-linked compensation) by executing massive, debt-funded buybacks. This of course comes at the expense of capex and other investments in the underlying businesses and for Clinton, the solution to this noxious, productive capacity-sapping, wage growth-impeding, scourge is higher capital gains taxes. Of course one could be forgiven for questioning just how concerned Clinton actually is about this dynamic and how much of her new plan reflects the wishes of corporate backers such as BlackRock where Clinton confidant Cheryl Miller sits on the board.
Having made her stance on the state of corporate America and investor myopia clear, Clinton has since discussed other important issues facing the country such as America’s crumbling race relations (which, you’re reminded, recently hit their worst levels of the 21st century according to Gallup), when she told Al Sharpton that it's "as clear as could be" that police in America treat African Americans unfairly.
Now, the presumed Democratic nominee is set to roll out her plan to confront the $1.2 trillion student loan bubble. As Bloomberg reports, the pitch is expected to be one of the “biggest-ticket policy proposals of her presidential campaign,” totaling some $350 billion and will include $200 billion for states who will be encouraged to do more to facilitate loan-free college educations and a $150 billion refi effort for the country’s heavily indebted students. Here’s more from Bloomberg:
Aides divide Clinton’s proposals into two categories: ensuring that “costs won’t be a barrier” for prospective students at public colleges and universities, and that “debt won’t hold you back” after graduating or leaving college.
Programs in the first category would cost an estimated $200 billion and are centered around an effort to incentivize states to spend more on public higher education that would make it more possible for students to graduate without taking on loans for tuition and for those from low-income families to use Pell Grants to pay for their room and board costs. Students from higher-income backgrounds could graduate from college without incurring debt if they agree to join AmeriCorps, a program that Clinton wants to expand from 75,000 members to 250,000. AmeriCorps participants already get help repaying their student loans.
Forty-seven states spent less per student during the 2014-15 academic year than they did before the recession, a Center on Budget and Policy Priorities analysis found. Clinton hopes to stop and eventually reverse that trend by offering federal funding to states that set out plans to begin spending on their public colleges and universities.
A second set of proposals, costing $150 billion in all, focuses on helping people who already have student debt repay it.
Clinton is following the lead of Warren and the Obama administration in calling on Congress to create a way for people who already have student debt to refinance their loans at the current federal rate. It would benefit an estimated 25 million borrowers, including most people with federal loans, as well as those who are current on their loans from private lenders.
Congress twice last year rejected bills to create a refinancing program but Shireman said he’s optimistic that Clinton could follow through. “It has come close and it's gaining momentum and is much needed,” he said.
“So many borrowers have been cheated by the student loan industry, just like we saw in the subprime mortgage market,” said Chopra, who left the CFPB earlier this summer. "There needs to be beefed up consumer protections to cut down on the conflicts of interest."
Meanwhile, Clinton will look to combine the multiple IBR programs which are playing havoc with ratings agencies’ student loan-backed ABS models and it also appears she may set the cut-off for discharge at 20 years (down from 25 currently on some plans):
Clinton is also proposing consolidating four income-based repayment programs into one, reducing confusion for borrowers and capping payments at 10 percent of discretionary income and forgiving any unpaid debt after 20 years.
Recall that these programs are already set to cost taxpayers some $39 billion over the next decade and that’s just counting projected losses for borrowers starting in 2015. In other words, the total will be $39 billion plus whatever losses accrue from debt that has to be written off on the existing pile of IBR student loans which sits at around $200 billion. Presumably, allowing for the discharge of remaining debt under IBR plans after 20 years as opposed to 25 will only add to the taxpayer burden.
Predictably, Clinton will also step up the pressure on for-profit colleges:
Clinton's plan would expand consumer protections, including creating a new Borrower Bill of Rights to inform people who take out student loans of their options; banning loan servicers and bill collectors that consistently break the law; and helping students who have been defrauded—like those who attended the Education Department-shuttered Corinthian Colleges—discharge their debt.
It would also expand the Obama administration’s efforts to root out bad actors in the for-profit college industry by strengthening the current administration’s gainful employment regulations and requiring colleges to take on some of the financial responsibility when borrowers default on their student loans.
Of course this too comes at a meaningful cost to taxpayers and as we saw with the forced closure of Corinthian Colleges earlier this year (and as we're about to see with Apollo) these totals can also run well into the billions.
While plans to significantly reduce the cost of college will, over the long-term, hopefully help to ensure that the pile of dischargeable debt doesn't continue to grow, the costs of implementing Clinton's programs will of course also be borne by taxpayers - wealthy ones:
Most of the programs would require congressional approval, as would the campaign's preferred way of funding them, by capping the value of itemized tax deductions for the wealthy.
And in case there was any confusion in all of this about how Clinton's plan will be characterized by GOP lawmakers, we'll close with the following, again from Bloomberg:
The so-called New College Compact is designed to do the same thing for higher education that the Affordable Care Act did for health care.
Legislatures and governors will have to take action to turn on the spigot of federal funding, potentially provoking the same kind of partisan fights in state capitols created by the Affordable Care Act’s option for states expand Medicaid.
* * *
Bonus: if you're not inspired yet, here's the official video from the Clinton campaign
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How much of the $350 billion come from the slush fund known as the Clinton Foundation?
Or rather, how much goes to the Clinton Foundation?
Either way, ... wait, where the hell did the money in my wallet go? Must be the invisible hand of government.
It's nice to know I can go back to college now to attain a new degree in Fermentation Sciences at Appalachian State University. This whole political process reeks so I may as well more fully understand why.
Thank you Hillary Clinton!!!
The University system has actually failed us, and is about to be replaced by actual, free-market learning. All Hillary will end up doing is spending future children's money.
Not to go all Good Will Hunting here, but with some self discipline and an internet connection, people can get an excellent, nearly free education if they choose to.
Unfortunately, you have to pay $$$ for the piece of paper that says you learned something. In some areas, well administered exams can already verify the learning.
Much of the University System is in danger of pricing itself out of existence, and that would be well-deserved.
No shit , but then again in modern eCONomics, where new money creation requires no new collateral, this means that in fact bankers and financiers are nothing but useless middlemen stuck between the printer/computer (where "money" is created) and the producer/consumer in the real economy.
Remind me, what does their compensation look like again?
As I have tried to explain to friends/etc before, if you have ten men busting ass in the hot sun bucking hay, one drives the truck and the other nine do the harder work. The guy driving the truck is the proverbial college grad. In the 60s and 70s, most people DIDN'T go to college because you don't need to as one could make a living wage bucking hay.
But nowadays everyone wants to drive the truck and no one wants to buck hay. Wages have been crushed due to outsourcing, etc and you can't make it bucking hay anymore. But, it doesn't change the fact there is still just one drivers seat. So now you got ten college grads and most of them are still bucking hay, but they have a mortgage to show for it.
Free college doesn't fix shit. They should get rid of loans and loan guarantees and let the market price risk for betting on a youngin going to college. If they want to work and pay their way, then more power too them. If their parents want to pay, it is their money. But this free money for college spigot just screws it up for everyone.
Regards,
Cooter
Precisely why it is so important to let interest rates accurately reflect the real cost of capital and risk in the market...
The monetary systems allows us to trade real good and services. Destroy the monetary system and trade stops. Not long after that we start killing each other in earnest. This is probaly the only thing history is clear on.
All of her donors are big business corporate types. Sounds like another NewsSpeak scam like Obamacare, only for education..
Am I the only one who finds a very severe mental disconnect when using the terms "affordability" and "$350 BILLION" together? How about this: To really keep this "affordable", let's make all public college and university employees work for $15 an hour? If it's a living wage at McDonalds and Wally World, why not colleges and universities? Hey, those folks are her biggest supporters anyway. I'm sure they'd love to "pitch in" and "share the wealth around". /sarc
This isn't about college AT ALL. It's about trying to increase the FSA to buy votes for Hillary. If she succeeds she will even get conservatives to pay for her votes.
If you ever want honest politics again, the FSA army has to be fired. Throw out the illegals, cut off the EBT hogs, and fire half the gov employees.
I'm sorry... but all this will accomplish is, colleges and universities will continue to raise their tuitions at an accelerated rate...
and a degree will be less valuable, and also required...
So double taxation... us now... our kids later (when they are required to pay up for an education)...
And the added benefit of funding the indoctrination center for the ages...
sheesh!
But I have a daughter with $100K in student loans, so ahhh! what the hell, lets do it...
So I work hard and save for many years so I can put my kids through college and they aren't saddled with a lot of debt, only to see the free-shitters crowd and Hillary, their next-in-waiting-behind-current-free-shitter-champion-Obama, push for free college education, debt forgiveness, interest rate reductions on student loans, etc.
This country is so fucking fucked. I need to look at other options. I don't want to be here when this all turns really fucking ugly and there's no money, no free shit, no free food, no civil order, nothing. I suspect that day is fast approaching.
Bingo!
The trade I made, as a college grad with a technical degree, is to pack it off to some place that can't produce their own grads (i.e. rural/ag somewhere that needs those skills). Otherwise I was one lay off away from being in a line of unemployed tech workers.
But everyone can't do that because there ain't enough seats.
That said, New Zealand is a pretty good deal as they tend to have technical/medical/engineering shortages and a very reasonable immigration policy. It is a big farm for the most part, so that is a plus in my book as well. Cities are horribly expensive, so plan on a small town somewhere.
Do your own homework and best of luck.
Regards,
Cooter
Good advice, Cooter. New Zealand is high on a lot of people's expat lists. I need to seriously investigate all options. There's some shit coming.
The best to you, too.
Prefan
If you check out Mayburry's "Whatever happened to Justice?" ... which is excellent reading for any late elementary school or middle school kid ... it has a list of countries in the back ranked by common law principals ... you can start there for more leads ... but do your home work ... not every place allows guns, might have poor debt/economic situations, and things like that ... devil is in the details.
FWIW, I moved to Alaska.
Regards,
Cooter
I do civil engineering and its still not that easy to get a job in other countries, even during the boom times. I went through this about 9 years ago trying to move to Australia.
There are seats out there, but so many aren't willing to work their way from the bottom. My first engineering job paid just a little more than what I was making while interning, which was a little more than minimum wage at the time. You don't just magically sit in front of a computer and it starts spitting out plans. Takes many years to learn what to do. School just makes doing the basic nitty gritty calculations easy like 1+1.
I was one of those poor people, not poor enough. My Mom made just enough to not get any real help, so I got the full college mortgage. Paid it off as fast as I possibly could. Why can't others do this?
Some degrees are useful, and most aren't Still don't see how online degrees work, as I was in a lab for a lot of my classes.
Australia != New Zealand.
You could not PAY me to move to Australia.
As far as paying for it, we are in the same boat. Too much family income for a free ride, so I had to borrow, worked while in school, drove an old VW bug - did all my own maintenance, etc ... and paid my loan off.
Aint' it the same?
Regards,
Cooter
Its close enough. Just giving an example since I read that its so easy to find certain work in other countries when its really not that easy. A work Visa is a whole other animal.
Thats funny as I also learned how to work on my car because of that. Also became so cheap that I try to do as much as I can without hiring other people.
But nowadays everyone wants to drive the truck and no one wants to buck hay.
Good thing the POTUS is bringing in 350 billion illegals...
And without the piece of paper (ie diploma), all the book-learnin' is meaningless to an
employer. What then?
Lotsa people take what they can get and then bootstrap themselves into their own business. No, it isn't easy, but it still can be done.
At least with your own business you don't have to worry about some asshole downsizing you because you aren't in on the progressive fuck tray of degeneration.
Universities are fiefs as most things are today. Just replace the term "Presdient" with "Lord" or "King" and the reality comes into focus. They earn money by providing credentials, providing a post secondary education coed fun camp, and performing cheap government funded R&D for crony capitalists. It's a big club and we're not in it.
Student loan forgiveness would be a powerful platform plank.
Student loan forgiveness, on yer nickle and not mine! Oh wait what?!
It's the new normal way to buy your way into office, paid for by taxpayers, and
enabling constant price inflation in higher ed.
You know it's coming - but it will only be for favored groups (hint: Straight White Males = SOL)
Get 'em young...treat 'em rough...tell 'em nothing...
...until they figure it out for themselves...and by then it's too late...
You still have a wallet ?
"There ain't nuthin uglier than an old white woman." Fred Sanford, Sanford and Son....... especially a corrupt, lying, cheating one...
With cankles!
The young lady's face on video link initially reminded me of a Monica Lewinsky.
Maybe Hitlery is having a Freudian mental slip -
For centuries, college education had been affordable and a good investment for those who should get them. Then came along the government guaranteeing cheap loans for higher education, this did nothing but increase the price and incentivise people to go to college that probably should not be going in the first place. They were motivated for the wrong reasons, and because those who probably should not have been going were in the majority they started to drive the investments that universities made such as improved gyms, rec centers, and dorms instead of keeping the focus where it should have been and would have been without government intervention, the education. Because of this the average degree has lost most of its value.
The cost has risen and quality of the product dropped because of government involvement so what is Hillary's solution, the standard liberal solution. Fix a problem caused by government by more government involvement. Good luck with that. I'm sure her solution to Obamacare will be to go bigger as well, single payer perhaps?
If the help is not limited, then everything that the government subsidizes will become a corrupt mess of capital and resource mis-allocation and mal-investment.
You spelled eliminated wrong.
"There ain't nuthin uglier than an old white woman." Fred Sanford, Sanford and Son.......
Anyone take a look at dem ugly old black women like Whoopi Goldberg or Oprah lately? Gawd, my eyes!
Maxine Waters' mug cracks camera lenses.
correct on "how much goes to the Clinton Foundation"?
IF she is so concerned about those poor with the college loans, use the foundation money to buy them and liquidate them like other non profits are doing.
This is nothing but a gambit for votes but buried somewhere in those plans is some method to enrich her. It's always about money with this family. Ideology is secondary.
Any moron can spend someone elses money. It takes a man to actually govern and decide what needs to be cut.
Not one white man in that commercial. Racism.
Noticed that too. Would anyone be surprised if white males "need not apply" for CACA (College Affordable Care Act)?
Part of the war on men. Exceptions being for blacks and Muslims.
You know I could understand if this was being done in the 40's but with socialism being exposed as the unsustainable fraud that it is don't you think the U.S. is a little late to the party, I mean people are passed out on the floor in their own puke, empty booze bottles laying everywhere, the girls are putting their panties back on and used condoms are everywhere and this dumb hillbilly runs into the house with a party hat on and a bucket of chicken wings in her arms yelling "let's party"
I'd prefer that the students all just default en masse, but bailing out the bankers is the American way.
Little problem with that. You cannot discharge your debts owed to the Federal Government via bankruptsy.. and most/all student loans now come from the Federal Government.
Hah, details.
it'll be interesting to see what creative accouting and/or laws they come up with to keep thiese balances on the books when these people eventually start dying... could we eventually see debt statutorially assigned to descendants (or even parents?). from each according to his means/to bankers according to their desires...
Correct and correct again my firend. That's because the bankers got Congress and the USG by the b@ll$.
https://biblicisminstitute.wordpress.com/2015/07/28/how-the-ashkenazi-je...
Thanks for your site and your posting, I am a regular reader now.
When I was growing up, I had a natural adversion to "christainty" and a lot of it seemed like bullshit. Now all these years later I learned that I was not being taught "Christanity", but Vatican 2.0 Hippy-bullshit "Churchanity" Real church teachings make a lot more sense to me now.
I think you need to spend more time on your site explaining the older versions of the bible that contain less contradictions, namely Douay-Rheims and the Vulgate. Maybe spend time expanding the "Bad Translations"section.
The most increadible thing that I have found is that the later the bible translation, the more "statist" the passages appear to be. Interesting to ponder....
I think you mistakenly wandered into the reality phase.
Please make it stop!
This will change nothing, just cost money.
But the squid will be pleased to have another set of unreadable govt regulations to exploit for financial gain.
Joy, now university's can offer even more useless degree programs than they are now. At this point I say go for it, because there will be a need for morons in large numbers in our brave new world.....
Droid factories final programming center.
If only education ensured intelligence.
NOT
Phuk me!
If you borrow that much money to go to college, there is no way to make you smart. Because by agreeing to pay that money, you went full retard. You could study all those courses at home with a private tutor for a third the cost. Why do you need to pay for Harvard's solar panels? Do you need a degree from a top university to start your own business? Or are you scared, that if you don't follow the mainstream herd, somehow you'll be left out in the cold?
Reparations for ____________ _____________ _______________ (fill in the blanks) are next. Gotta buy those votes!
It's funny how expensive "free stuff" is with these people.
Relief for the heavily indebted?
What about all the parents and kids that sacrificed and worked to pay it off???????
Hillary Go after the University System. They are the ones reaping all the benefits. The most inflation resides in Healtcare and College.
They are reaping the benefits, but it's because of Sallie Mae, the ambassidor of moral hazard for uneducated dreamers. It's a modern day slave market.
Yep, moral hazard is a real motherfucker. Define "they", do you mean lecturer/faculty or administrator? Big difference, at least in salary/benefits.
They, referring to the whole "college-financial complex"
That woman scares me.....
No not Clinturd
The one with teeth.....
I didnt even click play because of those teeth
/half s
It's not the teeth so much as it is the upper lip exposing so much gums.
How the fuck is it even possible to get your lip that high up your face?
How about STOP COLLEGE INFLATION
She's proposing to make education $350 billion more expensive. Brilliant! The only cure for the problems of socialism is more socialism, as always.
Q: How many progresslive liberal democraps does it take to change a light bulb?
A: That's not funny and you're a racist and gimme all your money cuz I know how to spend it better than you...
so, clinton is trying to bribe millennials with hope huh? obama did it with the niggers, and well.. they still be broke ass niggers. millennials, sorry, but you be niggers too.
The illegal indonesian kenyan alien muslim pathologic lying fudgepacker has about as much in common with American blacks as white people do with polar bears....
Hey, some of my best friends are polar bears, nice people
Gimme some OPM man. Please. I'm hurting. I just need some. Pleeease...
Cool, I can go back to college, party, hook up with young girls and have Obomma care treat my STDs all for free. Thank you Hillary.
Further diluting the value of higher education without addressing the true issue at hand: flat real wages, and no voice for the common man
Cool. Moar free stuphph!!!!!
Super cool. Higher salaries for faculty and equal rights administrators because of....well...HillaryAid.
Triple Cool: Moar student debt because of higher salaries and HillaryAid.
I really screwed the pooch by not getting my PhD and becoming a professor back in '85 when I had the chance. Who could have seen it? It was like the housing bubble. College prof salaries always go up. Of course it wouldn't have helped me anyway because I am in engineering and that is not PC. Just the facts ma'am. No vote purchasing in that. Teaches critical thinking as well. Wouldn't want that. Pol Pot would shoot you if you wore glasses.
U.S. Citizenship will not be required to participate in this wonderful program.
Out of nation tuition?
Hey kids, I'll pay off 20% of your fake debt now if you give me 90% of your income for the rest of your life and surrender your claims to life, liberty, the pursuit of happiness and this goddamn Constitution. Deal?
Do you believe her?
And the reason for more college grads with this shit job market and run-away H1-B Visas....are ....... WHAT?
Okay, bread, circuses, and free babysitting for permanent basement residents.
In a free market, bad ideas fail, someone comes in, picks up the pieces, and comes up with a better idea.
Why can't you just let a failure be a failure? Because you caused this failure by interveining before, and before? So you double down on your doubling down?
They know what they are doing, they know this won't actually work. They really are trying to buy folks off with this. If they print, they keep their high friends in important places in the money. Win-win.
We are stupid and evil, a dangerous combination.
They don't know what sustainability and real conservation is, this plan is an example of a short run solution to make a balance sheet look good, that was being complained about in the first place for fuck's sake (their point, I know).
Everyone wants to take the money and run, no one wants to fix anything.
Unfortunately, the ignorant masses will still be arguing of stupid shit long after San Diego turns into Rio.
Pure socilist bullshit, that will line plenty of pockets, but the "children" won't see a dime!
Unfortunately, Hillary and people of her ilk fail to ask the more pertinent question...why is the cost of attending college so high in the first place??? From 1990-2010, college tuition and fees increased a cumulative 286.4% or 6.99% compounded vs. the CPI which increased a cumulative 73.5% or 2.79% compounded. Given the rise of Internet and the digital age in general, the cost of sharing information has gone down which makes the rise in education costs that more egregious.
Bingo, moreover, given these advances you describe, one would think that the cost of administration/management would have come down.
Guess what? It has not!!!
Always, follow the fucking money...
Sallie Mae baby, Sallie Mae
I hope this doesn't affect the government's free cell phone program. Kollege Kidz gotta text!
"Free" shit for everyone....
...except whitey...
...make that fucker work for a living...
"Reparations"
yes, depite the fact that most people labeled "white" are the decendents of other peoples escaping genocide long after slavery was abolished...
morons, it is very easy to see how Hitler came to power now.
And pay for all of it.
Well ain't this just grand? Had to mortgage the house for our two to go through college and now I get to put everybodies children through via my taxes?
I'm going to send my son to a vo-tech to learn plumbing before he gets out of high school. Fuck this shit.
People need to study their hobbies on their own time, on their own dime.
The nation does not need another sociology, psychology, black studies, Latina studies, queer studies, anthropology major until the sun burns out.
hillary's campaign platform is beginning to look like obama on steriods. continuation of the transformation to socialism. someone please end this nightmare.
Continuing? LMFAO!!!!!!
Private losses have been socialized for quite some time in the U.S.S.A!!!
I love the smell of unintended consequences in the morning!
All they have to do is shut down Sallie Mae. No more Federal student loans, no more gravy train for the colleges, driving over the backs of uneducated fools who are not yet qualified to make their own sound financial decisions.
You want to see college tuition drop like a rock? Shut down Sallie Mae.
True, but of course the media propaganda machine will start with the racism card, move to the anti-science playbook, take a lateral to the misogyny curriculum, co-opt the liberty movement, and carry on from there, which basically makes it a non-starter for all but the most noble or corrupt.
Shoot, you got their playbook down, who you working for??? LOL
Just buying the votes of the dumb youth...
The Democrat way....fix a debt problem with more debt.
Repubs do the exact same thing-instead of taxing you up front-they quietly borrow billions from the Fed. and just WHO do you think has to pay all that back? The Taxpayer....sneaky cunts ya think?
So now all the illegals can get paid to go to indoctrination/re-education camps.(schools)
I thought the movie Idiocracy was fictional... Low and behold, it's actually a non-fiction masterpiece.
LOL.
Liberty is a demand. Tyranny is submission..
Zion's banksters print the theft, the government fences the theft, and the slithers propose to repeat the cycle. And around it goes until the guillotines show up.
Everything about this woman is like a nightmare from which you can't wake up.
A Twitter comment on Trump warned to be wary of broadcasters or politicians with vagendas.
Haha, I see what you did there, missed it earlier
Fuck you disgusting American whore.
You American women make one wish one were gay or of the priestly persuasion [same difference].
The only way to fuck American women is with a ten foot pole.
If you're a pervert that is.
Otherwise, steer clear at the cost of your sanity.
American pussy smells.
Real bad.
Quarantine this shit called American.
It's not fit for human consumption.
American Woman
https://www.youtube.com/watch?v=Cl4GWOkvDeM
and thats before they all wore it out.
Hope it backfires all to hell and people actually get educated enough to vote her into prison or obscurity.
I presume Boehner is all for it?
Colleges are absurd. Near me is Keene State College, I've graduated twice, once in mid-80's and again near the end of the 90's. Cost doubled and the only thing that really changed was the campus got grand--really grand. Taj Mahal entrances, and lovely grounds. Tens of millions into building. Therein lies the problem. College should be like a factory, not like a Grand Hotel. Give them 35 billion and tuition will only rise. Slap them silly and there will be changes.
Change IS in the air.
Though I have two BS degrees (I'm full of BS) my employer requires, as a condition of employment that I gain a Bachelor's degree, a BSN.
Ok, cost? How about $3,300. Seriously. Total!
Remember I have two BS degrees so I can drag a lot of credits to WGU where I'll get my BS. I will need 31 credits, but I'm going in having read most of the books for those 31 credits, in advance, I can whip through courses. People do, and people graduate in one semester, though most take two or three for a 2nd BS.
The other $300: I still need: Anthropology, Stats and Biochem. There are a few places like StraighterLine, online study, and about 90% of colleges accept their transfer credits, WGU does. Sophia.org is another. I read the book for the class and then sign up, it's $99/month, but I able to do classes within the one month. I read one month, sign up, take tests, gain credit, move on.
So $3,000 for WGU, + $300 for SL = $3300, my employer will pay $2000 my cost = $1300.
There are many paths up the degree mountain--if you have kids look into Sophia or SL. Do a bunch of classes there then transfer to a place like WGU.
Besides the grand buildings colleges also have piled on the administrators. They have double the admins that they had 20 years ago and probably four times as many as they had 40 years ago. And they all make fantastic wages with truely golden benefits.
Here's how you fix the college affordability problem.
1) Eliminate government backed loans.
2) Require all collegest to have no more than 1 administrator and 1 clerical per 10 actual teaching positions.
But here's the irony...the "teachers" vote for the same politicians that pile on the "regulations" that allow the admins to say they need all the positions. In a way they do...to push around pointless paperwork and do mountains of "audits" required by the government now. I agree there are too many upper admins, but in general not enough staff to jump through the 100 fold more regulatory hurdles involved in every aspect of higher education these days.
The teachers whine a lot and then vote "union" politically to take money from future generations they claim to care for so they have cushy retirements and two course loads...and once they get tenure they aren't doing crap for research on average. I've seen it hundreds of times over personally...and thousands of times over by extension...BECAUSE I LIVE IN ILLINOIS AND WORK AT A UNIVERSITY!!!!
Twisting Hitlary's Bolshevik NIFEs - No Income, Family or Education.
Ah yes, campaign promises. Like cocaine for the masses.
Turning a college education into a commodity. Everyone has one...diminishes the value of one..
Who needs one?
...because unrestrained governmental subsidies always lower the costs...
All colleges are for profit.
Universities, and Colleges, are brokers of Wall Street Securities just as the Real Estate brokers do the same thing only with Real Estate instead of Fake Estate. Degree Mills are fast disappearing because the investor knows they are over valued, and over priced, Fake Estate. The Universities reap huge profits, and the professors get to consume your lunch, and dinner, as well as, breakfast. You starve, and they get to purchase MONSTER HOMES while you, and your kids, renovate the basement for your kids to grow old in with no possible chance of ever moving out until the house is sold out from underneath their couch sitting arses. In brief, the only people that profit from a University education are those that work in universities. All sectors of private industry are only hiring an insignificant amount of graduates nowadays. Even Wall Street is downsizing
Look at the homes of presidential candidates.
https://www.youtube.com/embed/3L5hn5B8TYI
Buying votes with other people's money.
Scum.
Larry Summers counterparts at DE Shaw are and have been cashing in on this. Pay attention to page 7-9. Copy before it disappears
http://sdcera.granicus.com/MetaViewer.php?view_id=2&clip_id=478&meta_id=...
anybody with a 1/2 of brain cell knew this was going to happen, next will be legalize pot nation-wide, a 10% increase on monthly ebt, entitlements, and a mandatory 20% increase in all women's wages.
If you nationalize the colleges , the problem would get solved cheaper
God she looks insanely ugly